Dragonfly Partner: Retail investors have largely exited the market, institutions are forming the bottom for Bitcoin prices

Odaily Planet Daily reported that Haseeb Qureshi, a partner at Dragonfly, stated that retail investors have largely exited the current crypto market, and institutions are forming the market bottom and supporting Bitcoin prices. He pointed out that Bitcoin is being viewed as a mature asset with sustained growth potential over the next 15 to 20 years, while altcoins need a clear narrative to regain retail investor attention.

He also stated that the core of the crypto industry still lies in money and financial applications, with areas such as DeFi, stablecoins, exchanges, and RWA showing strong user stickiness. With the intervention of AI technology, future smart agents may take on intermediary roles in transactions, thereby increasing overall adoption, and low-risk-appetite users could become the main source of incremental growth.